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CHRISTIAN PURCHASING NETWORK ANNOUNCES STOCK OFFERING

 CHRISTIAN PURCHASING NETWORK ANNOUNCES STOCK OFFERING
 SARASOTA, Fla., May 20 /PRNewswire/ -- Christian Purchasing Network,


Inc. (NASDAQ: CPNI), today announces that its registration statement on Form S-1 (SEC File No. 33-43325) was declared effective by the Securities and Exchange Commission on Tuesday, May 19, 1992 at 9:45 a.m., EDT. The Form S-1 registers, among other securities, 650,000 shares of the common stock at $3.50 per share for gross proceeds of $2,275,000, excluding proceeds from the exercise of an over-allotment option. The managing underwriter of the offering is Donald & Co. Securities, Inc.
 A prospectus describing the above offering may be obtained on request from Donald & Co. Securities, Inc., 136 East 57th St., New York, N.Y. 10022; telephone number 212-754-2444.
 The company offers capital goods to the church market, and financial and insurance products and services to church members, nationally.
 -0- 5/20/92
 /CONTACT: Thomas J. McElheny, president of Christian Purchasing Network, 813-366-5775/
 (CPNI) CO: Christian Purchasing Network, Inc. ST: Florida IN: SU: OFR


SH-OS -- NY088 -- 2447 05/20/92 15:58 EDT
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Publication:PR Newswire
Date:May 20, 1992
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